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Teva names two new executives

BY Alaric DeArment

JERUSALEM — Teva Pharmaceutical Industries has named Carlo De Notaristefani as president and CEO of global operations and Aharon "Arik" Yaari as EVP community and institutional affairs, the Israeli drug maker said Thursday.

The company said De Notaristefani and Yaari would report directly to Teva president and CEO Jeremy Levin.

"We are delighted to have Carlo and Arik in these roles," Levin said. "Teva has a long history of bringing affordable medicines to patients around the world. Through its founding days in Israel, the company has prided itself on the people who have contributed to making Teva a leader in both generic and branded medicines."


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Panasonic develops new portable beauty tools

BY Antoinette Alexander

SECAUCUS, N.J. — Panasonic has expanded its growing portfolio of beauty products with the launch of three new products: a heated eyelash curler, precision body shaver and facial hair trimmer.

The newest products join Panasonic’s current beauty product portfolio, which includes facial steamers, pore cleansers and bikini trimmers.

"Whether commuting to work, dashing to a favorite gym class or jet-setting for a weekend getaway, having the right beauty and grooming essentials is a must. Our new line of compact beauty tools answers the growing need for on-the-go beauty solutions," stated Walter Taffarello, group marketing manager of Panasonic Consumer Marketing of North America. "The best products multitask, take up minimal space and leave women feeling fresh and fabulous. To provide on-the-go women with products they need to be effortlessly beautiful, Panasonic engineers have carefully crafted heated eyelash curlers, precision body shavers and facial hair trimmers perfect for any purse, gym or makeup bag."

The new Panasonic EH-SE60VP heated eyelash curler creates natural long-lasting curls in seconds, with or without mascara. With a 360-degree rotating comb, the new device allows women to attain natural and voluminous lashes without expensive extensions. It has a suggested retail price of $39.99.

The new Panasonic EH-WR40VP precision body shaver is the ideal companion for any woman who needs a quick touch-up before rushing out the door. With ultra-thin blades and a pivoting head, the body shaver offers an extra close shave for the entire body avoiding nicks or cuts. It is designed to be used without water and has a suggested retail price of $29.99.

The Panasonic ER-GN25VP facial hair trimmer offers precision to discreetly get rid of stray facial hairs or a brow touch-up between waxing. With a washable and detachable head, the trimming wand removes any unwanted hair from the eyebrows or face. It has a suggested retail price of $29.99.

The three Panasonic pocket-sized women’s beauty and grooming products are available at Amazon.com, La Curacao, J&R, Kohls.com and Kmart.

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Walgreens-Alliance Boots deal sealed; senior leaders join respective boards

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens and Alliance Boots on Thursday announced the completion of Walgreens’ initial investment in the strategic partnership following receipt of all required regulatory approvals. 

The Walgreens investment consists of approximately $4 billion in cash and 83.4 million shares of Walgreens common stock in exchange for a 45% equity stake in Alliance Boots. Walgreens has the option to proceed to a full combination in approximately three years’ time by acquiring the remaining 55% of Alliance Boots.

As a result of the transaction, Alliance Santé Participations S.A., of which Alliance Boots executive chairman Stefano Pessina is a director and whose ultimate ownership is a family trust, becomes the largest shareholder of Walgreens, with a stake it intends to hold for the long term.

In line with this, Pessina and Dominic Murphy, member of the general partner of KKR & Co., have joined the Walgreens board. At the same time, Walgreens’ president and CEO Greg Wasson; Wade Miquelon, EVP and CFO; Thomas Sabatino, EVP and general counsel; and Robert Zimmerman, SVP and chief strategy officer, have become members of the Alliance Boots board.

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